Question
How do governments determine whether a transaction is an exchange or non-exchange transaction? Are both transactions reported the same? Does GASB provide any guidance on
How do governments determine whether a transaction is an exchange or non-exchange transaction? Are both transactions reported the same? Does GASB provide any guidance on how these transactions are accounted for? If so what? Do you think these transactions should be treated differently?
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
2nd Canadian Edition
0176707123, 978-0176707125
